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Carter Bankshares
CARE

81 hedge funds and large institutions have $145M invested in Carter Bankshares in 2023 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 28 increasing their positions, 21 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 21

24% more capital invested

Capital invested by funds: $117M → $145M (+$27.8M)

2.09% more ownership

Funds ownership: 40.15% → 42.24% (+2.1%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

7% less funds holding

Funds holding: 87 → 81 (-6)

38% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 16

Holders
81
Holders Change
-6
Holders Change %
-6.9%
% of All Funds
1.18%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
10
Increased
28
Reduced
21
Closed
16
Calls
$1K
Puts
–
Net Calls
+$1K
Net Calls Change
-$36K

Top Buyers

Rank Fund Capital Flow
1
FL
Fourthstone LLC
Missouri
+$3.44M
2
Morgan Stanley
Morgan Stanley
New York
+$2.14M
3
BlackRock
BlackRock
New York
+$1.48M
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$1.06M
5
American Century Companies
American Century Companies
Missouri
+$398K

Top Sellers

Rank Fund Capital Flow
1
HCM
Huber Capital Management
California
-$1.83M
2
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$1.19M
3
BCM
BHZ Capital Management
California
-$1.1M
4
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
-$609K
5
VIA
Virtus Investment Advisers
Connecticut
-$332K
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$25.9M +$1.48M +117,333 +7%
AllianceBernstein
2
AllianceBernstein
Tennessee
$20.5M -$134K -10,671 -0.8%
Vanguard Group
3
Vanguard Group
Pennsylvania
$18.4M +$166K +13,158 +1%
Dimensional Fund Advisors
4
Dimensional Fund Advisors
Texas
$11.2M +$1.06M +83,817 +13%
FL
5
Fourthstone LLC
Missouri
$8.02M +$3.44M +273,159 +104%
Geode Capital Management
6
Geode Capital Management
Massachusetts
$7.22M +$171K +13,594 +3%
State Street
7
State Street
Massachusetts
$7.02M +$49.2K +3,910 +0.8%
PU
8
Petiole USA
New York
$5.94M – – –
Morgan Stanley
9
Morgan Stanley
New York
$3.82M +$2.14M +169,971 +199%
American Century Companies
10
American Century Companies
Missouri
$3.81M +$398K +31,638 +14%
HCM
11
Huber Capital Management
California
$3.58M -$1.83M -145,005 -38%
Northern Trust
12
Northern Trust
Illinois
$3.05M +$93.5K +7,425 +4%
BCM
13
Bridgeway Capital Management
Texas
$2.75M +$82.2K +6,528 +4%
Russell Investments Group
14
Russell Investments Group
United Kingdom
$1.43M +$291K +23,085 +32%
Bank of New York Mellon
15
Bank of New York Mellon
New York
$1.34M -$35.3K -2,806 -3%
Renaissance Technologies
16
Renaissance Technologies
New York
$1.12M -$52.9K -4,200 -5%
EF
17
Empowered Funds
Pennsylvania
$1.09M +$82.2K +6,528 +10%
First Manhattan
18
First Manhattan
New York
$1M – – –
N
19
Nuveen
North Carolina
$991K +$6.81K +541 +0.8%
RFC
20
Regions Financial Corp
Alabama
$973K – – –
RhumbLine Advisers
21
RhumbLine Advisers
Massachusetts
$939K +$195K +15,473 +33%
Charles Schwab
22
Charles Schwab
California
$929K -$22.5K -1,787 -3%
Arrowstreet Capital
23
Arrowstreet Capital
Massachusetts
$875K -$1.19M -94,551 -62%
Two Sigma Advisers
24
Two Sigma Advisers
New York
$690K -$167K -13,300 -22%
PAM
25
Panagora Asset Management
Massachusetts
$679K – – –
1
2 3 4

CARE Hedge Fund Activity: Q4 2023 in Review

81 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Carter Bankshares (CARE) for Q4 2023, worth a combined $145M — up 24% from $117M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of CARE and 10 opened new positions — a net loss of 6 holders — while 21 trimmed existing stakes and 28 added.

The largest buyer was Fourthstone LLC, adding an estimated $3.44M. The largest seller was Huber Capital Management, cutting an estimated $1.83M.

  • 81 institutional investors held Carter Bankshares (CARE) as of Q4 2023, down from 87 in Q3 2023.
  • Funds reported $145M of Carter Bankshares stock for Q4 2023, up 24% quarter-over-quarter.
  • 10 funds opened new Carter Bankshares positions in Q4 2023 and 16 closed out, a net change of -6 holders.
  • The largest Carter Bankshares buyer in Q4 2023 was Fourthstone LLC, an estimated $3.44M added.
  • The largest Carter Bankshares seller in Q4 2023 was Huber Capital Management, an estimated $1.83M sold.

Based on aggregated 13F filings for Q4 2023.